I'm the CEO of Lendio, and my passion is to make small business lending simple for the 30 million Main Street businesses across the USA. Thankfully, we are growing rapidly by helping over 100,000 small businesses each year get matched to a lender to start or grow their business.
As an entrepreneur, I've raised over $10M during my career. I believe that successful companies start with passion to solve a major problem, great teams, and a superior company culture. While business accomplishments can be a nice ego boost, my most important accomplishments come from being a husband and father of 3.

Why 20-Somethings Are the Most Successful Entrepreneurs

When it comes to building a successful company, most investors and business advocates look for companies with an experienced management team. They want someone that has a “successful track record” with experience forming teams, writing business plans, building products, and managing a P&L.

You can’t blame them. As with almost everything in life, practice makes perfect and experience provides learning lessons that allow for improvement and growth. While betting on experienced batters can certainly produce doubles, triples, and even home-runs; the grand slams of entrepreneurship come from the young and ill-experienced 20-somethings.

Yes, I said it.

That’s not what you’re going to read in the textbooks. You won’t hear that from a venture capitalist. And, you certainly won’t hear that in your MBA classes.

I know, I know. Some of you will say that I am biased because I was a 20-Something young entrepreneur when I started Lendio, a marketplace for small business loans, but let’s look at the facts:

(Some of the) Most Successful Entrepreneurs of our Time and Their (Age):

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Wow thats very good thing you talked about. I am also around 20 but untill now i just wast my time. But after reading this post now i changed my mind. Now i will work hard untill i achieve something new or unique. Thanks marks for sharing it.

Wow, Brock – this is so impressive. Looking at young vs older entrepreneurs – you make a powerful case. Power to you. It’s going to be fun to see all the greatest aspects of what you will do. Love your post!

Although failure is never easy, I was thinking it might be easier on a young entrepreneur to bounce back when his/her gamble fails. Here’s why: If a young 20-something runs into failure, he/she may be more willing to start over from scratch and try launching a company again in their mid/late 20′s. Contrast that with a 40-something who may feel that time is running out to prepare a nest egg for retirement and for comforts/health care in later years. Instead of starting over, he/she may look for a more traditional job with stable income and health benefits.